Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
The bias remains positive after Powell hinted at a Fed rate cut in September, raising the odds of a rate cut to ~80–90%. A softer dollar and yields are a tailwind for silver; near-term catalysts: the US PCE and payrolls releases, which will shape policy expectations. Fundamentally, the silver market is projected to be in deficit for the fifth consecutive year in 2025, supported by strong industrial demand (especially PV/solar)—a price driver behind daily volatility. Correction risks: a USD rebound or hotter US inflation data, which could reduce the probability of a rate cut. Silver price...
Gold prices fell on Friday (August 22nd), driven by a strengthening US dollar, which makes gold more expensive for foreign buyers. Meanwhile, investors await Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium as a key indicator of the direction of future monetary policy. CME FedWatch indicates a 75% probability of an interest rate cut at the next Fed meeting, a key support for non-yielding assets like gold. Source: Newsmaker.id
Gold extended its decline to around US$3,330 per ounce on Friday (August 22nd), holding within a narrow range as traders avoided major action ahead of Fed Chairman Jerome Powell's Jackson Hole speech, which could potentially signal the direction of US policy in the near future. On Thursday, Fed officials gave little indication of support for an interest rate cut next month, leaving the market awaiting guidance from Powell's speech amid signs of a cooling labor market, while inflation remains above target and vulnerable to tariff-related pressures. Investors still see a chance of policy...
Today, silver price movements are driven by the trade-off between gold's strength and global macroeconomic dynamics. Meanwhile, the industrial sector—particularly renewable energy, electronics, and electric vehicles—continues to drive silver demand, with its usage trend expanding. Concerns about inflation, geopolitical tensions, and diversification opportunities also strengthen silver's role as an alternative safe-haven asset. However, silver price volatility remains high, so while upside potential remains, investors need to consider the risk of sudden price movements, which are often more...
Gold prices fell to around $3,338 per ounce on Thursday (August 21st). Gold fell slightly as the US dollar strengthened and yields rose, but the decline was contained ahead of the release of US data and Jerome Powell's speech at Jackson Hole. A "wait-and-see" stance prevented further selling from becoming widespread. Technically, the bias remains bearish as long as intraday resistance remains unbroken. Monitor nearby support: a hawkish tone supports a sell-on-rally scenario, while a dovish tone could potentially trigger short-covering and a rapid rebound. The gold price at the time of...